The result was announced after market hours yesterday, 23 October 2019.

Meanwhile, the S&P BSE Sensex was down 0.27% at 38,954.31.

Consolidated EBITDA grew 26.57% to Rs 270.1 crore in Q2 September 2019 compared with Q2 September 2018. EBITDA margin grew to 12% in Q2 September 2019 compared with 11.8% in Q2 September 2018.

Revenue growth was driven by strong growth across all segments. The rise in EBITDA margin was driven by improvement in sales mix and better realisation.

Commenting on company's robust financial performance, Inder Jaisinghani, chairman and managing director, Polycab India said, "We have delivered another quarter and half year of robust growth. Our profitability has more than doubled during the quarter and our customer centric focus and robust distribution network have ensured that we maintain our growth momentum. Going forward, we remain committed to delivering consistent and profitable growth."

Shares of Polycab India extended gains for ninth consecutive session. The stock has surged 23.65% in nine trading sessions from its previous closing low of Rs 659.10 on 10 October 2019.

On the BSE, 69,000 shares were traded in the counter so far compared with average daily volumes of 20,065 shares in the past two weeks. The stock hit a record high of Rs 824 since its listing on bourses on 16 April 2019. The stock hit a 52-week low of Rs 525.05 on 22 August 2019.

Polycab India is engaged in the business of manufacturing and selling wires and cables and Fast Moving Electrical Goods (FMEG) under the “POLYCAB” brand.